AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- DECEPTIVE TRADE PRACTICES

Summary

The bill amends Rhode Island’s deceptive trade practices law to make a list of prohibited actions for pharmacy benefit managers (PBMs), such as spread pricing, undisclosed price reductions, and steering patients to PBM‑owned pharmacies. It applies to PBMs doing business in the state and affects pharmacists, pharmacies, and patients who use prescription drug benefits, excluding those on Medicare Part D and other federal programs. The goal is to increase transparency and protect consumers from unfair drug pricing.

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